Robeco Institutional Asset Management B.V. Takes Position in SharkNinja, Inc. (NYSE:SN)

Robeco Institutional Asset Management B.V. bought a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 109,852 shares of the company's stock, valued at approximately $11,942,000. Robeco Institutional Asset Management B.V. owned about 0.08% of SharkNinja as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in shares of SharkNinja during the 1st quarter worth approximately $3,896,000. SG Americas Securities LLC lifted its position in shares of SharkNinja by 9.4% during the 1st quarter. SG Americas Securities LLC now owns 4,418 shares of the company's stock valued at $275,000 after acquiring an additional 380 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of SharkNinja during the 1st quarter worth $385,000. 12 West Capital Management LP acquired a new position in SharkNinja in the first quarter valued at about $5,918,000. Finally, Sei Investments Co. grew its stake in SharkNinja by 96.4% during the first quarter. Sei Investments Co. now owns 53,841 shares of the company's stock worth $3,354,000 after buying an additional 26,432 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on SN shares. Canaccord Genuity Group boosted their target price on SharkNinja from $126.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Morgan Stanley upped their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. The Goldman Sachs Group increased their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research note on Monday, October 21st. JPMorgan Chase & Co. decreased their target price on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. Finally, Guggenheim increased their price target on SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, October 7th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $110.85.

SharkNinja Trading Up 8.1 %

Shares of NYSE:SN traded up $7.76 during midday trading on Friday, reaching $103.71. The company's stock had a trading volume of 1,986,101 shares, compared to its average volume of 1,201,066. The firm has a 50 day moving average price of $103.56 and a two-hundred day moving average price of $85.60. SharkNinja, Inc. has a fifty-two week low of $41.12 and a fifty-two week high of $112.93. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 1.51 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.17. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. SharkNinja's revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 EPS. As a group, analysts forecast that SharkNinja, Inc. will post 3.9 earnings per share for the current year.

SharkNinja Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.